Evolution of modern economic growth and development in the U.S. from colonial times to the present emphasizing institutional change. Approved for arts and sciences core curriculum: United States context. Requisites: Requires prerequisite courses of ECON 3070 and ECON 3080 (all minimum grade C-).
Surveys the economic history of China in a comparative perspective, to understand the history of economic development in China in terms of existing economic theories of growth. The approximate timeline is from the 18th century to the 20th century. Recommended prereq., ECON 3070.
Analysis of problems associated with socially optimal use of renewable and nonrenewable natural resources over time. Problems of common property resources, irreversible forms of development, and preservation of natural areas. Credit not granted for this course and ECON 3535. Requisites: Requires prerequisite course of ECON 3070 (minimum grade C-).
Examines the effects of economic growth on the environment; application of economic theory of external diseconomies, cost-benefit analysis, program budgeting, and welfare economics to problems of the physical environment. Credit not granted for this course and ECON 3545. Requisites: Requires prerequisite course of ECON 3070 (minimum grade C-).
Provides an overview of the characteristics and structure of transportation markets including aggregate demand, vehicle and mode choice, surface freight and air travel. Explores market failures in the transportation sector including market power and externalities such as pollution, congestion and accidents as well as policies aimed at addressing these issues. Requisites: Requires prerequisite courses of ECON 3070 and ECON 3818 (all minimum grade C-).
Examines the influence of markets, unions, and government on labor allocation and remuneration. Analyzes human capital, discrimination, mobility and migration, productivity, unemployment, and inflation. Compares outcomes under competition with those in a world marked by shared market power and bargaining. Requisites: Requires prerequisite course of ECON 3070 (minimum grade C-).
Examines the unique insights available through economic analysis regarding the causes, mechanisms, and consequences of inequality and discrimination. Examines the extent of inequality, the varieties and extents of discrimination, and explores the economic models that suggest explanations. Approved for arts and sciences core curriculum: human diversity. Requisites: Requires prerequisite course of ECON 3070 (minimum grade C-).
Growth in health expenditures worldwide over the past three decades has led to an increase in research in health economics and its importance in public policy in developed and developing countries. The purpose of this course is to encourage students to read, think, and do research on issues in health economics. This course will cover issues that are pertinent to the US, other developed and developing countries. It will cover the basics of health economics such as health production functions and the role for government as well as touching on topical issues such as health care reform. Recommended prereq., ECON 3818. Requisites: Requires prerequisite course of ECON 3070 (minimum grade C-).
Explores neoclassical theory of the firm, the determinants of industrial structure, and the purposes and institutions of public policy to control or maintain a competitive environment. Requisites: Requires prerequisite course of ECON 3070 (minimum grade C-).
Introduces economic analysis of entrepreneurship, its financing, performance and public policy issues. We will investigate in depth the business of venture capital and start-ups. This course aims to understand both academic and practical implications from the burgeoning literature on economics of entrepreneurship and private equity. Requisites: Requires prerequisite courses of ECON 3070 and ECON 3818 (all minimum grade C-).
Explores competing paradigms of economic development, emphasizing the confrontation between the structuralist/dirigiste paradigm and the neoclassical public choice paradigm. Analyzes economic reforms under way in developing countries, including stabilization policy and structural adjustment. Also explores political reforms, including the pluralist revolution and the design of a constitutional framework in developing societies. Requisites: Requires prerequisite course of ECON 3070 or ECON 3080 (minimum grade C-).
Explores empirical, theoretical, and policy issues ineconomic development. Examines topics with reference to the developing countries: income distribution and poverty, demographic change, labor force employment and migration, human capital, physical capital, natural resources and the environment, industrial structure, international trade, and finance. Requisites: Requires prerequisite course of ECON 3070 or ECON 3080 (minimum grade C-).
Introduces theories explaining why differences in standards of living among countries are so large. Examines a variety of data on historical experiences of economic growth. Surveys recent research on why some countries are so rich and some are so poor, and why some countries grow so quickly and others grow so slowly. Requisites: Requires prerequisite course of ECON 3070 or ECON 3080 (minimum grade C-).
Explores two major branches of Industrial Organization--antitrust and regulation. Focus is on developing qualitative and quantitative skills for the legal-economic analysis of issues and problems across a variety of industries. Case studies are used to illustrate concepts, including mergers, collusive agreements, monopolization, and networks. Individual and group projects help develop advocacy and public speaking skills. Requisites: Requires prerequisite course of ECON 3070 (minimum grade C-).
Introduces the use of mathematics in economics. Topics include vectors and matrices, differential calculus, and optimization theory, with economic applications. Requisites: Requires prerequisite courses of ECON 3070 and ECON 3818 (all minimum grade C-).
Provides undergraduate economics majors with an introduction to econometric theory and practice. Develops the multiple regression model and problems encountered in its application in lecture and individual applied projects. Requisites: Requires prerequisite courses of ECON 3070 and ECON 3818 (all minimum grade C-).
Teaches basic concepts in Java programming applied to economic models. Development of Web pages and dynamic modeling will be introduced. Students will gain a foundation that can be applied to creating advanced applications relating to analysis of statistical data and custom projects. Requisites: Requires prerequisite courses of ECON 3070 and ECON 3818 (all minimum grade C-).
Introduces students to the practice of applied regression analysis. Summarizes and reviews the regression technique, explores U.S. census data sources, introduces an advanced statistical software package and provides structured exercises in regression analysis of census data. Concludes with independent research projects analyzing social and economic issues using regression analysis and census data. Requisites: Requires prerequisite courses of ECON 3070 and ECON 3818 (all minimum grade C-).
Introduces statistical models, estimation and testing procedures used in analyzing financial data for advanced undergraduates. Topics include the modeling of returns, portfolio theory, the capital asset pricing model, options pricing and fixed income securities. Recommended prereq., ECON 4818. Requisites: Requires prerequisite courses of ECON 3818 (minimum grade C-).
Computer simulation modeling translates theory into computer code to examine questions numerically; for example, the effects of taxes or emissions permits on welfare and income distribution. We use GAMS (general algebraic modeling system); a version may be downloaded for free. Students must have access to a computer (not needed in the classroom). Requisites: Requires prerequisite course of ECON 3070 (minimum grade C-).
Introduces students to the economic analysis of relationship between firms and incentives within firms. The first part covers classical theories of firm boundaries and contractual relationship between firms. The second part focuses on compensation and incentive issues within firms. Requisites: Requires prerequisite courses of ECON 3070 and ECON 3818 (all minimum grade C-).
May be repeated up to 6 total credit hours, but only 3 credit hours count for economics major. Department enforced prereq., completion of at least 12 hours of ECON classes. Department consent required. Department enforced requisite, a minimum GPA of 3.00. Requisites: Requires prerequisite courses of ECON 3070 and ECON 3080 and ECON 3818 (all minimum grade C-).
Offers students the opportunity to integrate theoretical concepts of economics with practical experience in economics-related institutions. The theoretical portion arises from seminars and readings, the practical from activities in organizations related to the economics field. A maximum of 3 credit hours counts toward major requirements. Department consent required. Requisites: Requires prerequisite courses of ECON 3070 and 3080 and 3818 (all minimum grade C-). Restricted to students with 57-180 credits (Junior or Senior) Economic (ECON) majors only.
Students read current periodicals, picking out topics in which economics plays a role in understanding events. Background reading is assigned on topics chosen. May not be taken more than once for credit. Requisites: Requires prerequisite courses of ECON 3070 and ECON 3080 (all minimum grade C-). Restricted to students with 57-180 credits (Juniors or Seniors).
